EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Thursday, June 30, 2022
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription
Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Islamic bank targets RM100 million financing for halal SMEs

by moneycompass
April 13, 2021
in Local Market News
COVID, experience, digitalisation, Made in Malaysia, cash flow, commerce, business, Huawei, SMEs, Funding, financing, MEDAC, islamic, SME Corp, Industry4WRD, National Mark, SAMENTA
Share on FacebookShare on WhatsApp

KUALA LUMPUR – Alliance Islamic Bank Berhad (Alliance Islamic Bank) has signed a Memorandum of Understanding (MoU) with eJazmine, Fusionex and the International Institute for Halal Research (INHART) to further strengthen its Halal in One programme for businesses.

The expanded strategic partnership will make available more digitisation options and training programmes and an additional e-commerce platform.

“Today, the global halal market is valued at US3$ trillion and is one of the fastest-growing markets in the world. Halal products and services are now much sought after by Muslims and non-Muslims alike, showcasing the rich opportunities that the halal industry has to offer.

“Towards this end, it is imperative that our local businesses continuously embrace innovation and digital transformation efforts to tap into this lucrative market,” said En. Rizal IL-Ehzan Fadil Azim, Chief Executive Officer of Alliance Islamic Bank.

“We are here to help SMEs tap into the trillion-dollar halal market by providing a digital platform that is convenient, affordable and easy to scale up.

“On this note, we aim to provide RM100 million in financing to halal SMEs or SMEs who have started their journey towards halal certification. We are pleased that our new partners – eJazmine, Fusionex and INHART – share our vision to help SMEs grow in the robust halal market. Our aspiration is to be the Centre of Excellence for the halal industry and contribute towards Malaysia becoming a global halal hub.”

Each of the new strategic partners of the Halal in One programme offers a unique value proposition that will help businesses be successful in the halal market. eJazmine, an e-commerce platform, provides preferential rates to local businesses looking to gain market access in countries like the United States of America, Saudi Arabia, Indonesia and China.

Another partner, Fusionex, has made available its full complement of integrated digital solutions to help business owners create an online presence, list their business on its e-commerce platform and use analytics and intelligence to boost business growth.

INHART by the International Islamic University Malaysia offers specialised training programmes to educate business owners on shariah compliance and provide international halal audit services to businesses looking to enter foreign markets.

The inclusion of eJazmine, Fusionex and INHART enriches the Halal in One programme and supports its aspiration to be a single-source platform for coaching and training, business matching, certification support, halal funding, advisory, services and all things relating to halal.

 

Read more: InvestKL eyes 10 MNCs, fast-growing companies to invest at least RM1 billion in 2021

Tags: Alliance Islamic BankdigitalecommerceEconomyHalal Industry
ShareSendShareSendTweetShare
Previous Post

Jardine Schindler Launches “kNOw Touch Contactless Elevator Control Panel”

Next Post

Panduit(TM) Australia releases NEW Contractor Grade Epson hand-held printers

Related Posts

The World Bank believes that subsidies should be targeted, and hence applauds Malaysia's move to evaluate its fuel and cooking oil subsidy systems.
Local Market News

Subsidies to reach RM80 billion for 2022, highest in history – Finance Minister

27 Jun 2022
AmBank Research is anticipating that Bank Negara Malaysia (BNM) will hike the overnight policy rate (OPR) by 50 basis points its upcoming Monetary Policy Committee meeting in July.
Local Market News

AmBank Research expects OPR hike to 2.5% in BNM July meeting

27 Jun 2022
The nation's inflation, measured by Consumer Price Index (CPI), rose by 2.8% year-on-year (Y-o-Y) from the 123.1 recorded in May 2021 to 126.6 in May of this year.
Local Market News

Highest food inflation since 2011 contributed to 2.8% inflation in May 2022

27 Jun 2022

Discussion about this post

MOST POPULAR

  • cyber

    Over 10,000 cyber security incidents reported in Malaysia in 2021 – KPMG

    0 shares
    Share 0 Tweet 0
  • Funding Societies acquires CardUp, drives payments expansion

    0 shares
    Share 0 Tweet 0
  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • REERACOEN SINGAPORE STUDY SHOWS WORKERS PRIORITIZE FOUR-DAY WORKWEEKS OVER FINANCIAL BENEFITS

    0 shares
    Share 0 Tweet 0
  • What is Islamic Wealth Management?

    6 shares
    Share 6 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER